Chinese Vanadium Pentoxide Flake Prices Edge Up

BEIJING (Asian Metal) 2 Feb 23 – Due to the tight supply and active inquiries in spot market, Chinese vanadium pentoxide flake 98%min market sees positive mentality after the Spring Festival long holiday. Currently, the mainstream prices of Chinese vanadium pentoxide flake 98%min stand at RMB130,000-132,000/t (USD8.87-9.01/lb V2O5) EXW D/A 180 days, up by RMB1,000/t (USD0.07/lb V2O5) from this Monday. Considering that the tight supply continues and the positive market mentality continues, insiders believe that the mainstream prices of Chinese vanadium pentoxide flake 98%min would move up in the coming week.

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